Instagram makes its first acquisition, buys video app Luma - IBNLive

New Delhi: In what is seen an attempt to better its video-service, Instagram has acquired a startup company called Luma - a service that provides stabilisation for video capturing. The acquisition has been announced by Luma in a blog post. "We're excited to announce that we have been acquired by Instagram. Eighteen months ago, we embarked on a mission to make capturing and sharing beautiful videos easy without expensive software or heavy equipment. By joining the exceptionally talented team at Instagram, we're taking another big step towards realising that mission. We're incredibly excited to be able to help make a product that is already used and loved by millions of people even better," said the startup in a blog post. Luma has announced that the service will not be available after December 31, 2013. The company gives users a link to download their videos from. Luma has announced that the service will not be available after December 31, 2013. #luma #instagram #video app #video sharing apps (For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest) Watch: KV Thomas initiates discussion on Food Bill in Lok Sabha Mumbai gangrape: 2 accused may have sexually abused others in the past, suspect police Arun Shourie says Narendra Modi is BJP's PM candidate Rains wreak havoc in Gujarat; over 9,000 evacuated from Bharuch via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH7GuryKFxZNFxybK39V4dE8UPgjA&url=http://ibnlive.in.com/news/instagram-makes-its-first-acquisition-buys-video-app-luma/417345-11.html

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